At 12:50 pm, the shares of Vodafone Concept have been buying and selling larger by 4 per cent on the BSE.
Vodafone Concept shares have been buying and selling agency by greater than 4 per cent in a subdued market after Vodafone Concept re-branded itself as Vi to tackle the extreme competitors within the nation’s telecom sector amid piles of debt. Vodafone Concept, a three way partnership between Britain’s Vodafone and India’s Concept Mobile, stated it’s going to henceforth go by the model title “Vi.” At 12:50 pm, the shares of Vodafone Concept have been buying and selling at Rs 12.50, larger by 4 per cent on the BSE. The shares touched an intra-day excessive of Rs 13.12, up greater than 10 per cent forward of the announcement.
“Vodafone Concept got here collectively as a merged entity two years in the past. We’ve got, since then, focussed on integrating two massive networks, our individuals and processes. And at present I’m delighted to current Vi, a model that can convey essential which means to lives of our clients. Indians are optimistic and need to get forward in life,” Ravinder Takkar, managing director CEO, Vodafone Concept, stated.
The title Vi is far more than an abbreviation of Vodafone and Concept. Vi, learn as ‘we’ displays the collective nature of Indian society. It’s not nearly me, it is particularly about “we”, Vodafone Concept stated in a press launch. The unified model will guess large on digital to draw clients and stem exits to rivals Bharti Airtel and Reliance Jio, Vodafone Concept added.
The BSE Sensex was buying and selling at 38,320, decrease by 30 factors and the NSE Nifty was at 11,327.50, down six factors on the time.
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